LSH unit assumes management of KL Tower for 20 years until end-March 2045
Last month, LSH and the Federal Lands Commissioner formalised a 20-year concession and lease agreement until end-March 2045, to manage, operate and maintain the tower.
Last month, LSH and the Federal Lands Commissioner formalised a 20-year concession and lease agreement until end-March 2045, to manage, operate and maintain the tower.
The group said it expects the rghts issue of one new share for every two shares held at 20 sen per share, totalling 273.
The property, which has a land area of 179,369 sq ft with a net lettable area of 67,506 sq ft, is located at the Senawang Industrial Park.
Mont’Kiara SOVO unit with rental yield above 5% sold | DONE DEAL 3 plots of industrial land in Melaka sold in one deal | DONE DEAL Over a four-year period (2020 to 2024), Damansara Heights recorded a historic transaction volume of 250, with a total transaction value of RM1.
According to a bourse filing, the purchase was made through its wholly-owned subsidiary, GUH eBattery Sdn Bhd, from vendor Rich Court Estate Sdn Bhd.
"Our appointment was based on a legitimate government-led procurement process.
Southern Score said that the transfer will enhance its corporate profile, credibility and reputation, while increasing its visibility among institutional investors.
The disposal is expected to unlock the value of the assets while allowing KPJ to retain operational control through a leaseback structure.
The Johor-based property developer recorded a net profit of RM536.